Lowe’s Companies, Inc. (NYSE:LOW) – Stock analysts at KeyCorp decreased their FY2019 EPS estimates for shares of Lowe’s Companies in a research report issued to clients and investors on Tuesday, November 20th. KeyCorp analyst B. Thomas now expects that the home improvement retailer will post earnings per share of $5.10 for the year, down from their previous forecast of $5.20. KeyCorp has a “Overweight” rating and a $115.00 price objective on the stock. KeyCorp also issued estimates for Lowe’s Companies’ FY2020 earnings at $5.90 EPS.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $17.42 billion for the quarter, compared to analyst estimates of $17.36 billion. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS.

Several other research firms have also weighed in on LOW. Goldman Sachs Group set a $125.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Friday, September 28th. Bank of America set a $132.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Tuesday, October 2nd. SunTrust Banks raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Friday, September 28th. Telsey Advisory Group boosted their price target on Lowe’s Companies from $123.00 to $126.00 and gave the stock an “outperform” rating in a research report on Friday, September 28th. Finally, Robert W. Baird reissued an “outperform” rating and set a $130.00 price target (up from $120.00) on shares of Lowe’s Companies in a research report on Monday, September 17th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $108.89.

NYSE LOW opened at $88.37 on Thursday. The stock has a market capitalization of $69.66 billion, a PE ratio of 20.13, a PEG ratio of 1.17 and a beta of 1.52. Lowe’s Companies has a 1-year low of $79.11 and a 1-year high of $117.70. The company has a current ratio of 1.00, a quick ratio of 0.25 and a debt-to-equity ratio of 2.68.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Wednesday, January 23rd will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, January 22nd. This represents a $1.92 annualized dividend and a yield of 2.17%. Lowe’s Companies’s dividend payout ratio is presently 43.74%.

In other Lowe’s Companies news, Director Lisa W. Wardell acquired 273 shares of the company’s stock in a transaction on Friday, August 24th. The shares were bought at an average cost of $107.72 per share, for a total transaction of $29,407.56. Following the acquisition, the director now directly owns 273 shares of the company’s stock, valued at $29,407.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marshall A. Croom sold 15,735 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total value of $1,803,388.35. Following the sale, the chief financial officer now owns 63,099 shares in the company, valued at $7,231,776.39. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Lowe’s Companies by 8.0% in the 3rd quarter. FMR LLC now owns 21,879,740 shares of the home improvement retailer’s stock valued at $2,512,233,000 after acquiring an additional 1,616,536 shares during the last quarter. Magellan Asset Management Ltd increased its holdings in shares of Lowe’s Companies by 0.3% in the 2nd quarter. Magellan Asset Management Ltd now owns 20,201,275 shares of the home improvement retailer’s stock valued at $1,930,636,000 after acquiring an additional 51,787 shares during the last quarter. Capital International Investors bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $746,818,000. Boston Partners increased its holdings in shares of Lowe’s Companies by 382.4% in the 2nd quarter. Boston Partners now owns 4,784,235 shares of the home improvement retailer’s stock valued at $457,230,000 after acquiring an additional 3,792,479 shares during the last quarter. Finally, Winslow Capital Management LLC increased its holdings in shares of Lowe’s Companies by 28.4% in the 3rd quarter. Winslow Capital Management LLC now owns 4,081,562 shares of the home improvement retailer’s stock valued at $468,645,000 after acquiring an additional 901,607 shares during the last quarter. Institutional investors own 73.95% of the company’s stock.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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Earnings History and Estimates for Lowe`s Companies (NYSE:LOW)

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